I. Trading With Support & Resistance

Nicholas · December 10, 2020

Support and resistance levels are fundamental concepts in technical analysis that provide critical insights into market behavior. In this course, we will explore the essential aspects of support and resistance, understand how they are formed, and learn to utilize them effectively in trading strategies.

Support levels represent a price point where a declining market finds a base of buyers, preventing further price drops. Conversely, resistance levels are where a rising market encounters a cluster of sellers, halting upward momentum. By mastering these concepts, traders can predict potential market reversals or continuations, enhancing their trading decisions.

We will also delve into the intricacies of trendlines and channels, which are crucial tools for identifying the overall market direction and potential reversal points. Additionally, we will cover practical strategies for trading based on support and resistance, including how to trade bounces and breakouts.

Course Goals:

  • Understand the concepts of support and resistance and their importance in trading.
  • Learn how to draw and utilize trendlines and channels.
  • Identify and trade key support and resistance levels effectively.
  • Enhance overall trading strategies by integrating support and resistance analysis.
  • Gain insights into market psychology and its impact on price movements.

Who This Course Is For:

  • Beginners who need a foundational understanding of support and resistance.
  • Intermediate Traders looking to refine their skills in using support and resistance for better trading decisions.
  • Intermediate Traders looking to refine their technical analysis skills.
  • Anyone interested in learning effective trading strategies based on support and resistance levels.
  • All Traders seeking to enhance their market entry and exit timing.

About Instructor

Nicholas

17 Courses

Not Enrolled

Course Includes

  • 10 Lessons